The ITEX
Corporation (OTCBB:ITEX) announced that New York franchisee John
Castoro exceeded $20 million in transaction volume during the past
12 months, earning close to $900,000 in cash fees. CEO Steven White
stressed, �Part of our expansion goal is to attract solid performers
to become ITEX franchises, while we cultivate our existing
independently-owned offices to grow organically.�

February/March
Performance Totals:

�
Transaction volume of $37,004,000 compared to $23,299,000 in the
same period of 2004, a 59% increase.

�
Cash deposits of $2,337,000 compared to $1,557,000 in the same
period of 2004, a 50% increase.

�
Completed transactions comprising 49,112 compared to 28,017 in the
same period of 2004, a 75% increase.

�
Member businesses totaling 22,000 compared to 13,400 in the same
period of 2004, a 64% increase.

On March 23,
2006, the firm repurchased 300,000 shares of common stock from
Collins Christensen (former CEO from 1999 to 2001) for 55� per
share, or $165,000. The shares were immediately canceled reducing
the overall common stock share count to 18,406,132. (Mr.
Christensen�s holdings have been reduced to 1,259,130, or 7.3% of
the outstanding shares, from a high of 14.3% in May 1999.)